the real problems with FCU....Quakes,
THE elephant in the 43-101 PEA on PLS is the $20 million geotechnical program recommended to see if the dyke is even feasible. FCU has not announced a budget or program to address the recommendations in the PEA. Why would that be? Is PLS economically mineable? Who knows as the technical data to make that determination has not been gathered. Another problem that needs to be addressed is fracture porosity and permeability in the first 5o meters of bedrock under PLS. We know from other undergorund mines that at least a 50 meter crown pillar is required when mining under a lake to mitigate water ingress. What about water ingress from fractured bedrock into a 2 kilometer long open pit wall at PLS? Those hydrogeological studies have not been done. It could be PLS is not mineable at any uranium price. Good luck with your fantasy PLS mine as you and the rest of the bagholders are going to need it.